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LT Problem: Multiple IRRs

Multiple IRRs. This problem is useful for testing the ability of financial
calculators and computer software. Consider the following cash flows. When should
we take this project (hint: search for IRRs between 20 percent and 70 percent)?
Year Cash Flow
0 -$252
1 1,431
2 -3,035
3 2,850
4 -1,000

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$2.19